Royalty News

In this week's roundup of music royalty news, subscription streaming continues to spike, Concord acquires more catalog (this time from WMG), and we debate the number of streams it takes to call a song a 'hit.'

Paul McCartney finally settles his rights dispute with Sony/ATV as they acquire EuropaCorp music catalog. Pandora's CEO steps down signaling a huge change for the company while Canada has a huge win against online piracy.

Money is moving in the music industry, as global distributor Believe Digital seeks a buyer and Pandora gets a $480 million lifeline from SiriusXM. Meanwhile ASCAP is sharing data with YouTube to more effectively pay songwriters for their music on the video platform.

UMG wants its $31mm back from the Prince estate, while digital music revenues for indie artists soar 52% through Merlin. Also, two big catalog deals are analyzed, including Concord's $600M+ Imagem deal Reservoir's acquisition of Century Media.

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